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Daily Technical View on Nifty

* Nifty rose for the fourteenth consecutive session on Sept 03. At close, Nifty was up 1.15 points at 25279.9.

* Cash market volumes on the NSE were 1.3% higher that on the previous session. Broad market indices rose more than the Nifty even as the advance decline ratio rose to 1.01:1.

* Nifty broke the streak of hitting new all time highs on daily basis by not registering new all time high on 3 rd Sep 2024.

* Primary trend of the index is still up as it is placed above all important moving averages.

* Nifty formed a small negative candle with small lower shadow on Sept 03. Nifty once again remained in a narrow 86-point range through the day.

* Nifty could face resistance in the 25360- 25400 band while 25130 could offer support in the near term.

* High volumes were witnessed in new age stocks, defence stocks, new listed stocks and Financials.

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